NewEdge Wealth LLC Acquires 13,234 Shares of Unilever PLC (NYSE:UL)

NewEdge Wealth LLC lifted its holdings in shares of Unilever PLC (NYSE:UL) by 79.7% during the 4th quarter, Holdings Channel reports. The firm owned 29,840 shares of the company’s stock after purchasing an additional 13,234 shares during the quarter. NewEdge Wealth LLC’s holdings in Unilever were worth $1,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UL. Allianz Asset Management GmbH boosted its holdings in Unilever by 43.5% in the first quarter. Allianz Asset Management GmbH now owns 26,032 shares of the company’s stock worth $1,186,000 after acquiring an additional 7,895 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Unilever by 4.2% in the first quarter. Cetera Investment Advisers now owns 48,220 shares of the company’s stock worth $2,197,000 after acquiring an additional 1,963 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of Unilever by 40.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 41,294 shares of the company’s stock valued at $1,881,000 after purchasing an additional 11,905 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Unilever by 10.7% in the first quarter. Baird Financial Group Inc. now owns 127,034 shares of the company’s stock valued at $5,788,000 after purchasing an additional 12,302 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Unilever by 204.6% in the first quarter. Covestor Ltd now owns 667 shares of the company’s stock valued at $30,000 after purchasing an additional 448 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 1.9 %

Shares of UL opened at $46.76 on Monday. The stock has a 50 day moving average of $49.52 and a 200 day moving average of $48.61. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.99.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were given a dividend of $0.4582 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Thursday, February 22nd.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on UL shares. Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $48.00.

Unilever Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.